Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
Right-wing think tank claims digital markets bill is a ‘recipe for disaster’ September 19, 2023 Proposed legislation to regulate digital markets is a “recipe for disaster” and risks spooking tech companies by handing Britain’s competition watchdog unbridled power, according to a new paper by the Institute of Economic Affairs (IEA). The right-wing think tank has today published a paper which warns the Digital Markets, Competition and Consumers bill (DMCC) will [...]
Renewables boss: People don’t realise ‘control’ China has over UK’s net zero push September 19, 2023 The UK is a decade away from cutting its dependence on China to meet its renewables ambitions, warned the boss of a leading clean energy firm.
Sizewell C seeks outside investment as TASC granted permission to appeal September 19, 2023 Sizewell C will now welcome outside investors to register interest, despite Together Against Sizewell C (TASC) being granted permission to re-challenge the build. Housing two of the world’s “most powerful” reactors, nuclear power plant project Sizewell C, which was approved in July last year, is expected to introduce 10,000 jobs across the UK and power [...]
London Design Festival director: the UK government must regulate AI technology September 18, 2023 The first AI-generated buildings have already been built. Adam Bloodworth hears how it’s a hot topic at this month’s London Design Festival, running 16 – 24 September at venues across London Architects don’t need AI,” declared Britain’s most famous architect Norman Foster in May. Three months later, his firm Foster + Partners gave a pithy [...]
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein September 18, 2023 Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
‘Like a very, very Loose Women!’ 5 podcasters on the thrill of recording live at London Podcast Festival September 18, 2023 The London Podcast Festival returned this September, bringing the usually solitary exercise of recording podcasts into the public forum. It welcomed audiences to debate topics and involve themselves with conversations as podcasts were recorded live in King’s Cross. It’s an unusual format, so we spoke five people involved in the festival, the founder, three podcasters [...]
Skiing with the royal family’s ski instructor in Meribel, high in the Alps September 18, 2023 Ski with a legendary Meribel family of ski instructors to get unrivalled knowledge of one of France’s most picturesque resorts, says Adam Bloodworth It’s not often you go on holiday and meet the founder of the town. Hotel owners are always trying to shake your hand, but town founders? In my experience, they tend to [...]
AI will grab jobs from people working from home first, warn Oxford professors September 18, 2023 Artificial intelligence (AI) is more likely to replace the jobs of people working from home, a study by two Oxford professors has warned. Work that can be done remotely is the most susceptible to automation, Oxford University AI academics Carl-Benedikt Frey and Michael Osborne have suggested in a draft paper. And AI is less likely [...]